Jacobs Levy Equity Management Has Cut Anadarko Petro (APC) Stake by $3.46 Million as Market Valuation Declined; Secor Capital Advisors LP Has Increased Its Alamo Group (ALG) Stake by $1.02 Million

February 20, 2018 - By Peter Erickson

Secor Capital Advisors Lp increased its stake in Alamo Group Inc (ALG) by 204.5% based on its latest 2017Q3 regulatory filing with the SEC. Secor Capital Advisors Lp bought 9,501 shares as the company’s stock rose 8.22% with the market. The hedge fund held 14,147 shares of the capital goods company at the end of 2017Q3, valued at $1.52 million, up from 4,646 at the end of the previous reported quarter. Secor Capital Advisors Lp who had been investing in Alamo Group Inc for a number of months, seems to be bullish on the $1.31 billion market cap company. The stock increased 0.25% or $0.28 during the last trading session, reaching $112.83. About 63,113 shares traded or 8.03% up from the average. Alamo Group Inc. (NYSE:ALG) has risen 46.10% since February 20, 2017 and is uptrending. It has outperformed by 29.40% the S&P500.

Jacobs Levy Equity Management Inc decreased its stake in Anadarko Petro Corp (APC) by 79.45% based on its latest 2017Q3 regulatory filing with the SEC. Jacobs Levy Equity Management Inc sold 72,130 shares as the company’s stock declined 20.17% while stock markets rallied. The institutional investor held 18,660 shares of the oil & gas production company at the end of 2017Q3, valued at $912,000, down from 90,790 at the end of the previous reported quarter. Jacobs Levy Equity Management Inc who had been investing in Anadarko Petro Corp for a number of months, seems to be less bullish one the $31.51B market cap company. The stock decreased 0.74% or $0.44 during the last trading session, reaching $59.18. About 3.86M shares traded. Anadarko Petroleum Corporation (NYSE:APC) has risen 8.29% since February 20, 2017 and is uptrending. It has underperformed by 8.41% the S&P500.

Jacobs Levy Equity Management Inc, which manages about $10.42 billion and $5.14B US Long portfolio, upped its stake in Express Inc (NYSE:EXPR) by 81,200 shares to 164,800 shares, valued at $1.11M in 2017Q3, according to the filing. It also increased its holding in Pinnacle Financial Partners (NASDAQ:PNFP) by 5,930 shares in the quarter, for a total of 10,160 shares, and has risen its stake in Equinix Inc (NASDAQ:EQIX).

Among 39 analysts covering Anadarko Petroleum Corporation (NYSE:APC), 32 have Buy rating, 2 Sell and 5 Hold. Therefore 82% are positive. Anadarko Petroleum Corporation had 132 analyst reports since July 21, 2015 according to SRatingsIntel. JP Morgan initiated Anadarko Petroleum Corporation (NYSE:APC) on Wednesday, December 9 with “Neutral” rating. Guggenheim upgraded the shares of APC in report on Friday, November 11 to “Buy” rating. As per Monday, January 29, the company rating was maintained by Stifel Nicolaus. The stock of Anadarko Petroleum Corporation (NYSE:APC) has “Buy” rating given on Tuesday, June 6 by Jefferies. Mitsubishi UFJ upgraded the stock to “Overweight” rating in Thursday, July 27 report. Cowen & Co maintained the shares of APC in report on Tuesday, July 18 with “Buy” rating. The stock of Anadarko Petroleum Corporation (NYSE:APC) earned “Hold” rating by Stifel Nicolaus on Wednesday, April 6. Stifel Nicolaus maintained it with “Buy” rating and $72.0 target in Wednesday, November 1 report. The firm earned “Buy” rating on Thursday, January 11 by BMO Capital Markets. As per Wednesday, May 4, the company rating was downgraded by Alembic.

Investors sentiment increased to 0.84 in Q3 2017. Its up 0.02, from 0.82 in 2017Q2. It increased, as 54 investors sold APC shares while 267 reduced holdings. 93 funds opened positions while 178 raised stakes. 468.24 million shares or 0.20% less from 469.17 million shares in 2017Q2 were reported. Adams Natural Fund Inc has invested 1.29% of its portfolio in Anadarko Petroleum Corporation (NYSE:APC). 12,000 were reported by Quinn Opportunity Prns Ltd Liability Corp. Qs Limited Liability Com accumulated 63,187 shares. Aqr Cap Limited Liability Com invested 0.05% in Anadarko Petroleum Corporation (NYSE:APC). Waratah Capital Limited invested in 370,487 shares. Blackrock holds 0.11% in Anadarko Petroleum Corporation (NYSE:APC) or 42.76 million shares. Ferguson Wellman Mngmt holds 0.01% of its portfolio in Anadarko Petroleum Corporation (NYSE:APC) for 4,294 shares. Bartlett And Ltd Limited Liability Company stated it has 0.02% in Anadarko Petroleum Corporation (NYSE:APC). Schmidt P J Invest Mngmt holds 0.44% in Anadarko Petroleum Corporation (NYSE:APC) or 30,229 shares. 8,866 are held by Amer National Registered Advisor. Coastline owns 19,500 shares for 0.17% of their portfolio. Security Trust has invested 0.03% in Anadarko Petroleum Corporation (NYSE:APC). Tower Bridge Advsr accumulated 11,380 shares. Lord Abbett & Communication Lc holds 0.01% or 43,488 shares in its portfolio. Nbt Retail Bank N A invested in 4,165 shares or 0.03% of the stock.

Since September 1, 2017, it had 0 insider buys, and 2 sales for $426,206 activity. Raborn Richard Hodges sold $33,558 worth of stock or 364 shares.

Investors sentiment decreased to 1.14 in 2017 Q3. Its down 0.44, from 1.58 in 2017Q2. It fall, as 17 investors sold ALG shares while 42 reduced holdings. 22 funds opened positions while 45 raised stakes. 10.66 million shares or 2.70% more from 10.38 million shares in 2017Q2 were reported. Price T Rowe Associate Inc Md has invested 0.01% in Alamo Group Inc. (NYSE:ALG). The New York-based Alliancebernstein LP has invested 0% in Alamo Group Inc. (NYSE:ALG). Voya Mgmt Limited Liability Company holds 5,336 shares. Moreover, First Trust Advsr Lp has 0% invested in Alamo Group Inc. (NYSE:ALG). The New York-based New York State Common Retirement Fund has invested 0% in Alamo Group Inc. (NYSE:ALG). Ftb Advsr holds 0% of its portfolio in Alamo Group Inc. (NYSE:ALG) for 211 shares. 7,285 are owned by Arrowstreet L P. Thrivent For Lutherans invested in 0% or 5,780 shares. Great West Life Assurance Can reported 0% stake. Ameriprise Finance Incorporated stated it has 0.01% of its portfolio in Alamo Group Inc. (NYSE:ALG). First Manhattan Communications invested in 68,734 shares. Mason Street Ltd Liability Corporation accumulated 0.01% or 2,415 shares. Comm State Bank accumulated 3,945 shares or 0.01% of the stock. Longview Asset Management Ltd has 2.41% invested in Alamo Group Inc. (NYSE:ALG). Peak6 Invs L P, a Illinois-based fund reported 8,208 shares.

Secor Capital Advisors Lp, which manages about $500.47 million and $1.05 billion US Long portfolio, decreased its stake in Occidental Pete Corp Del (Call) (NYSE:OXY) by 17,600 shares to 2,500 shares, valued at $161,000 in 2017Q3, according to the filing. It also reduced its holding in Costco Whsl Corp New (Call) (NASDAQ:COST) by 39,386 shares in the quarter, leaving it with 4,800 shares, and cut its stake in Vereit Inc.

Among 4 analysts covering Alamo Group (NYSE:ALG), 1 have Buy rating, 1 Sell and 2 Hold. Therefore 25% are positive. Alamo Group had 6 analyst reports since October 9, 2015 according to SRatingsIntel. The firm has “Hold” rating by Seaport Global given on Thursday, January 18. Piper Jaffray maintained Alamo Group Inc. (NYSE:ALG) rating on Friday, September 29. Piper Jaffray has “Buy” rating and $104.0 target. Piper Jaffray maintained it with “Buy” rating and $104.0 target in Friday, August 25 report. The company was downgraded on Friday, November 6 by Seaport Global Securities. The rating was maintained by Piper Jaffray on Monday, July 24 with “Buy”. The rating was downgraded by Bank of America on Friday, October 9 to “Underperform”.

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